Gas storage

From Abandoned Fields to Salt Caves, Gazprom's Gas Storage is Almost Full

Russia, whose gas production and exports to European Union are already near record highs, said last week it needed to finish filling its own gas storage reserves before it could increase supplies to Europe's spot market.

Soaring Gas Prices Ripple Through Heavy Industry, Supply Chains

Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as food and could result in higher costs being passed on to their customers.

Russia's Gazprom Says Europe Gas Prices Could Set New Records

Already high natural gas prices in Europe could scale new heights due to low gas storage levels, Alexei Miller, boss of Russian supplier Gazprom, said on Friday.

Norway Offers Two New Offshore Areas for CO2 Storage

Norway is offering two new offshore areas for companies interested in developing carbon dioxide storage, the oil and energy ministry said on Friday.

U.S. NatGas Firms on Supply Woes as Focus Turns to Storage Report

U.S. natural gas futures were near their highest in about three years on Thursday, buoyed by overall projections for lower supply as investors prepared for a federal report expected to show a smaller-than-normal storage build.

U.S. NatGas Soars Over 7% to 32-Month High on Small Storage Build, Hot Weather

U.S. natural gas futures soared over 7% to a 32-month high on a much smaller than expected storage build during hot weather last week.

Navigator CO2 Announces Service Provider Additions to Heartland Greenway Pipeline System

Navigator CO2 Ventures announced it has entered into contracts with three industry-leading companies to utilize their respective expertise in advancing the execution of the Heartland Greenway CO2 Pipeline Transportation and Sequestration System.

European Commission Approves French Support for Natural Gas Storage

France's system of financial support for natural gas storage, set up in 2017 to shore up the country's energy supplies, complies with European Union state aid rules, the European Commission said.

Chief Industries, Catahoula Resources Advancing Carbon Capture, Sequestration in Nebraska

Catahoula and Chief are evaluating CCS infrastructure investments that will enhance the sustainability and improve the economics of ethanol production through low-cost carbon storage within Nebraska.

1,200 Mile CO2 Pipeline to Create Positive Ripples in its Community

Navigator CO2 Ventures’ planned 1,200-mile carbon capture pipeline system across the U.S. Midwest should prevent up to 12 million metric tons of carbon from being released into the atmosphere each year.

Hartree Partners Buying Plains All American’s Natural Gas Storage Assets for $850 Million

Plains All American and Hartree Partners announced Plains will sell its Pine Prairie and Southern Pines natural gas storage facilities to an affiliate of Hartree for a total cash consideration of $850 million.

FERC Again Weighs Climate Impacts, Approves NatGas Pipeline Projects

Federal Energy Regulatory Commissioners approved two pipeline projects from Northern Natural Gas Company and Tuscarora Gas Transmission Company, agreeing that their climate impacts should not be significant.

Bloom Energy, Idaho National Laboratory to Use Nuclear Energy to Generate Hydrogen

Bloom Energy’s electrolyzer converts water (or steam) into hydrogen and oxygen. The hydrogen can then be injected into the natural gas pipeline, stored and used for power generation with a fuel cell at a later time, dispensed to fuel cell vehicles, or used by industrial processes that consume large amounts of hydrogen.

NextDecade, Oxy Low Carbon Ventures Agree on CO2 Transportation and Storage in South Texas

NextDecade Corporation and Oxy Low Carbon Ventures executed a term sheet for the offtake and permanent geologic storage of CO2 captured from NextDecade’s planned Rio Grande LNG project in the Port of Brownsville, Texas, the companies announced.

Gas Storage Ups and Downs

Coming off a year that was anything but typical, it’s no surprise that gas storage – a key indicator of natural gas prices and an important market in the U.S. energy picture – has been impacted by the pandemic, but even more so, by demand growth, cancellation of major pipeline projects and the push for electrification and green energy.

Europe's Unusually Low Gas Stocks Set to Underpin Prices

European gas storage levels are lower than usual for the time of year and will need to be topped up significantly in the coming months, providing support to wholesale gas prices.

Cold Weather Leads to Near-Record Withdrawals from Underground Natural Gas Storage

Significant demand for natural gas in mid-February led to the second-largest reported withdrawal of natural gas from storage in the United States, according to the EIA's Weekly Natural Gas Storage Report.

Energy Transfer to Acquire Enable Midstream for $7 billion

Dallas-based Energy Transfer and Oklahoma City’s Enable Midstream Partners are merging after agreeing that Energy Transfer will acquire Enable for an all-equity $7.2 billion deal.

Gazprom Halts Gas Supply to Russia's Kaliningrad Region

The country relied solely on Gazprom for its gas supplies until 2014, when it launched its own liquefied natural gas (LNG) import facility and now imports most of its gas from Norway and elsewhere.

China’s Sinopec Plans Record LNG Imports to Battle Cold Snap

Sinopec Corp pledged to maximize domestic gas productions and raise imports of LNG to record rates as a cold spell hitting large parts of the country this week lifts demand for the winter heating fuel.

LNG Import Terminals Add-Ons Boast Advantages

North American LNG exporters are sounding more confident about the prospects for new projects in 2021 due to a recent rally in prices driven by surging Asian demand, even as most industry analysts expect next year to be another difficult one.

Ukraine Could Export Gas to Europe This Winter

Ukraine has collected a record volume of natural gas in storage this year and says it is open to exporting some of its stores to the European market if conditions are right.

High Storage Levels Mean Weak Gas Prices Expected for European Winter

Analysts are expecting weak gas prices in the European market over the winter season as storage levels are already nearly full due to a sharp drop in demand early this year as countries went into lockdown to prevent the spread of the coronavirus.

PipeChina to Take on $56 Billion of Pipelines to Boost Network Access

China is taking major steps to consolidate its midstream oil and gas sector with the newly formed state-owned PipeChina taking on more than $55 billion in assets.

Berkshire Hathaway Energy to Acquire Dominion Energy’s Gas Transmission and Storage Business

Berkshire Hathaway has agreed to purchase Dominion Energy's natural gas transmission and storage business for almost $10 billion.

Easton Energy Adds Crude, NGL Storage Rights at Texas Facility

U.S. pipeline and storage operator Easton Energy is planning to expand its natural gas liquids and olefins storage at existing salt caverns along the Texas Gulf Coast and add crude storage capability.

Black Bear Transmission Acquires Ozark Natural Gas Transmission Business from Enbridge

Black Bear Transmission has acquired Enbridge's Ozark gas transmission businesses.

TechnipFMC Tells Energean Virus may Delay FPSO Project

Gas producer Energean said on Thursday it had been told by TechnipFMC, which is building a vessel it needs to begin Israeli offshore production, that the coronavirus was a force majeure event.

U.S. Department of Energy Awards $25 Million to Improve Natural Gas Operations

The U.S. Department of Energy (DOE) has selected 16 projects to receive nearly $25 million in federal funding for cost-shared projects to advance natural gas infrastructure technology development.

EU Storage Operators Brace for ‘Flexible’ Services Era

The European Union (EU) already has its own de-carbonization effort to coincide with achieving emission reduction targets in the Paris Agreement. It calls for near-complete de-carbonization of the entire energy sector well before 2050, so the natural gas sector and storage are carrying a big target on their backs.

  • 1
  • 2
  • ... 2 pages